euro

I wouldn't be that satisfied if I was to profit a lot. I would want more of what I got and sometimes this mentality could lead you to be in trouble. I think we should be modest at our wants and keep it under control so we don't get out of control and get all impulsive and lose lots of money. I guess I'm good at controlling myself in the mean time so I'm happy by not throwing all of my money at forex. I'm a cautious trader as its way too risky and I only trade with money that I don't mind losing.

I like both but I tend to invest more in long term stocks cause there is sure profit and you will walk out iwth profit instead of being unsure about it. Most giants only move upward and not downward so the money you invest is pretty safe sometimes. I mean look at wells fargo or walmart, I will not lose money by investing in their stocks. However, I might lose all in one day with forex and the risk is too high. I think forex is only for the skillful and he will earn more profit that way so its quick and painless and good. You only need low capital and can earn quick in less time than stock and there is no regulation or paying taxes sometimes.

I think many use euro usd but for me I've also used gbp/yen or euro yen or usd yen, as they give some really good trends to trade as well. Especially during syria crisis, the eastern currency is weaker, creating a trend for us to trade. It will depends on each market and what is going on around it, like news, political events and economy so no one pair will always have good curves all the time. I would open as many that allow me to profit so I don't just do one pair. I can tell most pairs do have good trends but it depends on the time of your trade. You should jump into whichever that is trending and avoid just using one pair. Cause it all fluctuates all the time.

It could be but if he get addicted to it, he can forget his study or if he spends way too much time trading and not studying then it could affect his study and his life as well. I guess it could be unhealthy as gambling too and he may develop a bad habit and then throw away a lot of his money on forex if he continues to lose. Not all can have good luck with forex and most lost instead of gain so it will all depends on each individual. However, if he's talented and make money then its a great source of income for him.

Forex trading is the trading of foreign currency in hope to gain a profit from it. You buy low and sell high or buy high and sell higher. Either way, you're hoping to make a profit from it. If you're not making a profit from it then you're losing and should assess whether to continue to trade or not. You can gain profit in good trends and lose in bad trends and all is very unpredictable. You have some guess but they are only guesses and the bar could move lower at any time so you have to set stop loss and use good money management skills. You can trade any time you like as its a 24 hour market but only good time will have good trends and weekends are bad.

Well, if you're a pro and make profit all the times then greed is a good thing cause it drives you to work harder and harder so you can become even more successful. Greed is good for some people while its not good for others. If you make money, then there is no reason why greed can harm you if you make more and more all the time. Greed is a good motivation if you are good at what you do. If a man own five businesses and want five more and he does well in all of them then why not. now, as long as he can control himself and succeed more than he fails then its fine. Of course, it could hurt those that do not know how to trade.

Well, I've read and seen so many scam hyip program so therefore I will never put a penny in it. I'm a huge investor and I love investment but I only like real company with real sec filings and regulations. This is the only way I will ever put money in it. Hear of Bernard Madoff? Yep, he ran away with everyone's money in billions. Even the big guys scam you so talk about the little guy. I will not do hyip but forex only since I can manage it and depends on my talent to make profit. It all depends on you and you can see real profit in no time and no one walk away with your money. In forex, you have total control and many benefits like leverage and no deposit or low deposit and bonuses.

For me, I think its a combo of luck, education and experiences that will make you a good trade. We need all of them. There are bad luck time to trade like on weekends and holidays. Education will make you wiser and you can prevent large losses and will know a good trend when you see one. Education will help you make profit. However, for those that are educated in some way, they do make the money. Experiences will help you make more money cause its everything. Demo account give you experiences so you should use it to make more money. You should combine all knowledge to reduce risks and gain profits.

I think allowing funds manager to handle your money could be a big mistake since a lot of them don't perform in my experiences with investment. Some do but some don't and you're lucky to find one that does. Well, for some reason, its not their money so the mentality is different. They don't care if they lose it all. They couldn't care less and its not their money so manage it on your own. Managed fund is a horrible way to invest your money. I prefer to buy things on my own and sell it on my own. For some reason, even a person like me is better than fund manager. You can earn profit in forex if you know how to so gain knowledge or go to etoro and copy successful trader to see if you can do it other than that watch out for trends on weekdays and scalp.

One must have a plan in order to not lose a lot of money and to gain profit. I guess I always have a plan and sometimes that will help cut down my losses since I don't trade when its not profitable to do so. I will not jump in with just any trend but it has to be one of the best trend or strong trend in order for me to trade. I can almost tell when its a strong trend or a weak trend. I guess an experienced trader have intuition that guide them as well and the sixth sense can help out sometimes. I tend to think that trend helps me more than anything since I scalp and not a long term trader. I do and many should too. One of those plan is to avoid large losses.

I spend about three or more hours on it. It will depends if I have time or not. If I have time, I will spend a lot of time looking at trends and see if there are way to make a good trades. I spend a lot of time reading news and watching the chart more than I do trading. I will not trade unless I see an opp to make a profit. I guess I can control myself so this is a great thing. I guess that is due to the fact that I don't use it as a main source of income. I think people who use it as a main source of income spend way too much time on it to try to make money and its bad sometimes like that.

I would hope for it to be a main job but right now, that is not possible iwth me. Its too much risks and I have too many bills so I have to keep a day job. Now, I've heard of people who make $20k a month so they will be able to live off of that for awhile. I mean that amount is enough for half a year spending for some people and I spend less than that so considering that some people can make a career living off of that. For me, I cna't though. I have to keep a job to build experiences and such. I think its great for those who can make it a full time income and some do but not me.

Either one of those could be the case and all would depends on each trader. Some will say too easy like me. I think its way too easy since I play games that are so much harder than this in a casino and I still managed to win so its not hard for me but making profit is kind of hard in a bad market or bad trend. It will all depends on what days and what time you're trading and what pairs. Some pairs give you more trends than others. The usd and euro or yen are the safe haven so they say. I guess if you come in at the right time and exit at the right time, you can make easy money. All will depend on your skills and talent.

I think this is a good post. Yes, its often yourself more than the market so avoid the gambler's mentality and control yourself and your risk and you can gain some profit. But even me, I'm so tempted sometimes that I can't control myself. I jump into the trade cause it seems so promising and there are a lot of trends that are very promising and there are opp to make money so its hard to control yourself but I'm really good at controlling my losses so I control them at all times. I always use a stop loss to prevent large losses and I find a 20 to 30 pips as good place to set it. We all need to use it unless we're trading for long term.

You can make money with forex if you have learn all that is required in order to be a successful trader. I think that will have to come first, knowledge is everything. You will not gain much if you don't have the knowledge to do it. Once you have acquired all the knowledge, you will be able to make some profit. I agree with the rest that you will need a demo in order to learn as much as you can about the trades and see your skills and see your mistakes as well. From this, you can gain real experiences that will help you become a successful trader. Once you have become a successful trader, you will be able to minimize your loss and gain some real profit.